news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

it home reported on september 8 that cui dongshu, secretary-general of the china passenger car association, published an article yesterday (september 7), saying that the price war in the national passenger car market will continue to be fierce in 2024, and the promotion peak of new energy vehicles has risen by 7 points and solidified into price cuts.

from january to august 2024, the total number of brand models that have reduced prices in the domestic market is 173, which exceeds the level of 150 models in the whole year of 2023 and exceeds the total number of brands that have reduced prices before 2022.

it home summarizes the price reduction information from january to august 2024 as follows:

61 conventional fuel vehicles were reduced in price, with an average price reduction of rmb 32,000 and an average price reduction of 11%.

10 hybrid models have seen price cuts, with an average price cut of rmb 13,000 and an average price cut of 11%.

27 plug-in hybrid models have seen price cuts, with an average price cut of rmb 21,500 and an average price cut of 13%.

12 extended-range models have seen price cuts, with an average price cut of rmb 17,000 and an average price cut of 7%.

63 pure electric models were reduced in price, with an average price reduction of rmb 32,000 and an average price reduction of 15%.

▲ image source: cui dongshu’s official account

cui dongshu said that with the strengthening of the national promotional subsidies for scrapping and renewal, the market has recovered and the boosting effect on the auto market has been obvious. therefore, the pressure of price wars has been relatively alleviated, and the auto market has entered a good state of continued strength at the end of the year.